Filing and Obtaining DM / CMM / CJM ORDER under SARFAESI Act 2002
At Kaizen and Shield, we understand that obtaining a DM/CMM/CJM order under the SARFAESI Act 2002 is a critical step in the enforcement process to recover non-performing assets (NPAs). This action helps create sufficient pressure on the defaulter, ensuring that the loan account is settled swiftly.
Our Solution
The primary need for financial institutions is to efficiently resolve NPA accounts while adhering to the SARFAESI Act’s legal procedures. Our service addresses this need by filing and obtaining the necessary court orders under Sections 13(2) and 14 of the SARFAESI Act, effectively facilitating the enforcement process and expediting loan recovery.
Key Features of Our Service
- Drafting of Petition U/s 14 of SARFAESI Act 2002: Our legal team drafts the petition after gathering all the required documents and data, ensuring it is in full compliance with the Act.
- Filing with DM/CMM/CJM: We handle the entire filing process with the relevant authority (DM/CMM/CJM) to initiate the legal action for asset repossession.
- Court Hearing and Follow-ups: We attend court hearings, resolve any queries, and follow up diligently until the final order is granted.
- PAN-India Geographic Reach: Our service covers all regions of India, ensuring consistency in enforcement across the nation.
- In-Depth Process Knowledge: We possess a deep understanding of the SARFAESI enforcement process, ensuring smooth and accurate execution.
- Skilled Team of Professionals and Advocates: Our large team of qualified professionals, including IIBF-certified Field Officers and experienced advocates, ensures that every step is executed with precision.
- Liaisoning with Government Agencies: We have established strong connections with government bodies, speeding up the legal processes and ensuring compliance.
- Proprietary CRM for Real-Time Updates: Our custom-developed CRM system provides clients with real-time updates on the progress of their case.
Benefits to the Client
- Early Resolution of NPA Accounts: Our efficient handling of the DM/CMM/CJM order process leads to faster resolution of NPA accounts.
- Compliance-Ready: Our thorough approach ensures full legal compliance at every stage, setting the stage for the next phase of SARFAESI enforcement.
- 100% Accuracy: Our team’s attention to detail guarantees accurate filings and procedures, reducing the risk of delays or complications.
Why Choose Kaizen and Shield?
- Skilled Resources: Our team consists of professionals with years of expertise in SARFAESI enforcement.
- Automation and Technology: We leverage automation and technology, including our proprietary CRM, to provide seamless service and real-time client updates.
- Industry-Leading Turnaround Time (TAT): We prioritize speed, offering the best TAT in the industry to ensure quicker resolutions.
- Proven Track Record: With extensive experience, we are recognized as leaders in SARFAESI enforcement, delivering consistent results.
